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China Petrochemical Plant Shut After Huge Explosion

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China's Panjin Haoye Chemical Co Ltd’s entire oil refinery and petrochemical complex was shut down after a huge explosion killed five people and left eight missing on Sunday, Reuters has reported.  According to Chinese state television, the explosion occurred at 3:13 p.m. (0713 GMT) on Sunday while the plant was undergoing maintenance work at an alkylation facility. Xu Peng, has estimated that the Haoye facility was processing at 62.5% of its crude refining capacity of 130,000 barrels per day (bpd) through 2022. The plant processed ~110,000…

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